Two-Bedroom Condo with New
New
For Sale
$199,900
623 W Guadalupe Road #229, Mesa, AZ 85210
The residence includes two full bathrooms and access to shared pools and landscaped open space.
Property Size898 SF
Price / SF$222.61
Days on Market2
Property Features for 623 W Guadalupe Road #229
General Information
Standard status
Active
Size
898 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Asking Price
$199,900
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$483
Amenities
community pools
green space
3/4 Bath Master Bdrm
Eat-in Kitchen
High Speed Internet
Balcony
Building Details
Building Size
898 SF
Year Built
1983
Stories
2
Listing Agency:
Keller Williams Integrity First Realty
(480) 854-2400
Listed By:
Steven Bernasconi · License #SA648753000
(480) 772-3610
Source:
Arizonaalacarterealty
Added: Oct 22
Last Checked: Oct 22 at 2:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Integrity First Realty
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Investment Insights
Based on property information with market context.
Located in Woodglen Square in Mesa, this 898-square-foot condominium has two bedrooms and two bathrooms. Built in 1983, it features a newly installed air-conditioning system. Residents also have access to community swimming pools, green space, and parking.
The property is near freeway access, Mesa Community College, Arizona State University, shopping, dining, and entertainment.
The property is near freeway access, Mesa Community College, Arizona State University, shopping, dining, and entertainment.
Key Highlights
- 898‑square‑foot condominium with two bedrooms and two bathrooms
- New air‑conditioning system
- Built in 1983
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,023
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$140,460
$140.5K
Cap Rate 7%
$100,329
$100.3K
Cap Rate 9%
$78,033
$78.0K
Market Conditions
NOI Build-Up for 898 SF
Gross rent
$13.7K $15.24/SF
− Vacancy
−$917 −$1.02/SF
EGI
$12.8K $14.22/SF
− OpEx
−$5.7K −$6.40/SF
NOI
$7.0K $7.82/SF
Area
Mesa, AZ
Vacancy
6.70%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$140,460
Cap Rate 7%
$100,329
Cap Rate 9%
$78,033
Alternative Uses
Best Use
Apartment 5plus
$100.3K
$87.8K – $117.1K
NOI $7,023 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$246.1K
$215.4K – $287.2K
NOI $17,230 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
586
Businesses Nearby
Explore this area
Business Placement
Demographics for 85210, AZ
40,351
Population
16,292
Households
2.5
Avg Household Size
32
Median Age
25%
College-Educated
84%
High-School Grad
6.7 sq mi
ZIP Area
6,023
Density / Sq Mi
$59,680
Median Household Income
$38,479
Median Earnings
$1,383
Median Rent
$301,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The residence includes two full bathrooms and access to shared pools and landscaped open space.
Where is this residential income property located?
The property is located at 623 W Guadalupe Road #229 Mesa, AZ.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 898‑square‑foot condominium with two bedrooms and two bathrooms; New air‑conditioning system; Built in 1983
